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Surgical Robots Market Size

  • Report ID: GMI3122
  • Published Date: Jul 2024
  • Report Format: PDF

Surgical Robots Market Size

Surgical Robots Market size was valued at USD 7.1 billion in 2023 and is anticipated to witness growth at a CAGR of 16.1% between 2024 and 2032, driven by the surging adoption of surgical robots, rising number of surgical procedures, growing healthcare expenditures, and increasing prevalence of chronic diseases.

 

Many modern surgical procedures, particularly those involving intricate anatomical structures or requiring precise manipulation, benefit from the capabilities offered by robotic systems. For instance, according to an article published by WebMD, about 644,000 robotic surgeries were performed in the U.S. in 2021, and this figure is expected to approach 1 million by 2028. Robots enable surgeons to perform complex procedures with greater precision, accuracy, and control, which is essential for achieving optimal patient outcomes.
 

Additionally, robotic-assisted surgeries often result in improved patient outcomes, including reduced complication rates, lower blood loss, and better preservation of surrounding tissues compared to traditional open surgeries. As evidence of these benefits accumulates, more surgeons and hospitals are adopting robotic systems to enhance the quality of care they provide.
 

Surgical robots are the advanced medical devices with robotic arms and instruments attached to it. As these robots are used to perform surgical procedures, they are called as surgical robots. Surgical robots are fed with programs of surgical decision based on which they assist surgeons in performing minimally invasive surgeries.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Surgical robots market size was worth USD 7.1 billion in 2023 and will grow at 16.1% CAGR between 2024 and 2032, propelled by increasing demand for minimally invasive surgeries and advancements in robotic technology offering precise and controlled surgical procedures

The general surgery segment will witness 16.7% CAGR through 2032 due to the versatility and wide application of robotic systems in procedures, such as colorectal surgery, hernia repair, and gallbladder removal.

North America surgical robots industry recorded USD 4.5 billion in 2023, owing to robust healthcare infrastructure, high adoption rates of advanced medical technologies, and substantial investments in research and development.

Some of the leading surgical robots industry players include Cascination, CMR Surgical Ltd., ELMED Medical Systems, Globus Medical Inc., Intuitive Surgical, Inc., Medtronic plc, Renishaw plc, Smith+Nephew, Stryker Corporation, THINK Surgical, Inc., and Zimmer Biomet, among others.

Surgical Robots Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 150
  • Countries covered: 37
  • Pages: 117
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